Bitcoin traded near $102,572, down 3.04% in 24 hours and 8% over the week. Long-term holders sold over 405,000 BTC valued at approximately $42.3 billion in the past month, according to CryptoQuant analyst Maartunn. The cryptocurrency remains above the $100,000 level despite the distribution.

Paris-based Sequans Communications sold approximately 970 bitcoin to redeem $94.5 million in convertible debt, reducing its holdings from 3,234 BTC to 2,264 BTC. The transaction lowered the company's debt-to-net-asset-value ratio from 55% to 39%. The sale represents the first significant bitcoin offload by a publicly listed company with a bitcoin treasury strategy.

BlackRock will list the iShares Bitcoin ETF (IBIT) on Australia's ASX in mid-November with a 0.39% management fee, the firm announced November 4, 2025. The company also plans to launch the iShares Core Global Aggregate Bond ETF (AGGG) in early November with a 0.18% fee. The U.S. version of IBIT has accumulated over $98 billion in assets under management within two years.

Bitcoin dropped approximately 4.4% to around $107,000 on November 3, triggering over $1.16 billion in long liquidations. A wallet dormant for nearly 14 years transferred 10,000 BTC originally acquired at $1.54 per coin, with the holder believed to have sold the entire amount for roughly $1 billion. Analysts are now monitoring whether Bitcoin can maintain weekly support near $103,000.

Bitcoin fell to $103,668 on Tuesday, breaking below its $109,000 cost basis where 85% of supply was profitable. The next support level sits at approximately $99,000, according to Glassnode data. The Crypto Fear and Greed Index dropped to 21 points, signaling extreme fear in the market.

Bitcoin traded at $104,169 on November 4, struggling below $120,000 resistance as a prominent crypto trader issued a bearish outlook. Weekly chart analysis shows each rally losing strength faster than previous attempts, with key support levels at $93,900 and $87,300 under pressure. The trader who accurately forecasted XRP's 2025 rally warned that successive peaks are losing momentum more rapidly while downward moves encounter progressively fewer buyers.

US M2 money supply reached $22.2 trillion in September 2025, marking a 4.5% year-over-year increase and the 19th consecutive month of expansion. Bitcoin's price movements continue to correlate with rising liquidity conditions as central banks inject capital into financial systems. After adjusting for inflation, M2 expanded by 1.4% during the month, according to Federal Reserve data.

Bitcoin fell below $104,000 on November 4, hitting a two-week low and triggering $1.37 billion in leveraged position liquidations, with $1.2 billion from long positions, according to CoinGlass data. The decline coincided with ongoing spot Bitcoin ETF outflows and continued distribution by long-term holders. The Crypto Fear & Greed Index dropped to 21, its lowest reading in weeks, reflecting heightened caution among investors.